NNN Medical Office
For Sale
Contact for pricing
1850 Parkland Drive, Cullman, AL 35058
5,574-square-foot medical facility on a hospital campus with a corporate lease guarantee and limited landlord obligations.
Property Size5,574 SF
Price / SF$419.45
Days on Market19
Property Features for 1850 Parkland Drive
General Information
Standard status
Active
Size
5,574 SF
Property subtype
Retail, Office
Lease Type
NNN
Net Operating Income
$210,390
Building Details
Year Built
2018
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Peranich Huffman Net Lease Group
Listed By:
Harrison Warr · License #TX 773332
Source:
Crexi
Added: Aug 13
Changed: Aug 31
Last Checked: Aug 31 at 4:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peranich Huffman Net Lease Group
Investment Insights
Based on property information with market context.
Built in 2018, this 5,574-square-foot medical office property is currently unoccupied and subject to a lease with Fresenius Medical Care Holdings, Inc. through December 2033. The lease includes fixed 1.70% annual escalations and places responsibility for HVAC repairs, interior non-structural work, taxes, insurance, landscaping, utilities, and waste management with the tenant. HVAC replacements exceeding $2,500 and parking lot replacements are amortized over their useful lives and reimbursed through the lease term.
The property is located on the campus of Cullman Regional Medical Center, a 175-bed hospital with a 24/7 emergency department. The campus has added a four-story bed tower, supporting the established healthcare setting. The lease is corporately guaranteed by Fresenius Medical Care Holdings, Inc., rated BBB- Stable by S&P.
The property is located on the campus of Cullman Regional Medical Center, a 175-bed hospital with a 24/7 emergency department. The campus has added a four-story bed tower, supporting the established healthcare setting. The lease is corporately guaranteed by Fresenius Medical Care Holdings, Inc., rated BBB- Stable by S&P.
Key Highlights
- 5,574‑square‑foot medical office property built in 2018
- Lease with Fresenius Medical Care Holdings, Inc. runs through December 2033
- Fixed 1.70% annual lease escalations
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
Explore this area
Business Placement
Demographics for 35058, AL
11,098
Population
4,541
Households
2.4
Avg Household Size
42
Median Age
17%
College-Educated
84%
High-School Grad
75.2 sq mi
ZIP Area
148
Density / Sq Mi
$59,950
Median Household Income
$32,703
Median Earnings
$872
Median Rent
$193,600
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
NNN property - 5,574-square-foot medical facility on a hospital campus with a corporate lease guarantee and limited landlord obligations.
Where is this nnn property located?
The property is located at 1850 Parkland Drive Cullman, AL.
What is the asking price?
The asking price for this property is $2,338,000.
What are key features of this property?
This property features: 5,574‑square‑foot medical office property built in 2018; Lease with Fresenius Medical Care Holdings, Inc. runs through December 2033; Fixed 1.70% annual lease escalations
